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4 June, 04:49

A telephone system in an office complex is an example of which factor of production?

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  1. 4 June, 08:25
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    A telephone system in an office complex is an example of capital factor of production because capital factor involves all man made resources.

    The resources which are used by a company for producing goods and services are factors of production. These are the factors of production like land, labor, capital and entrepreneurship and all these factors are important in economy.
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